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Mon 27 Aug 2018 04:07 PM

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EY set to spend $1bn on new solutions

Brand View: $1bn investment by global giant EY to be made over next two years

EY set to spend $1bn on new solutions

EY has announced plans to invest $1 billion in new technology solutions, client services, innovation and the EY ecosystem over the next two financial years, commencing from July.

This move is part of an ongoing strategy to provide clients and people with innovative offerings using the latest disruptive technologies.

The new $1 billion funding is in addition to the existing, significant annual technology investment. The investment will be used to create new technology-based services and solutions in areas such as financial services, cyber, risk management, managed services, software services as well as digital tax and audit services.

Mark Weinberger, EY global chairman and CEO, said: “In this transformative age, businesses and governments are under significant pressure to not only keep pace, but get ahead of the vast disruption and technological change.

"We see enormous opportunities in helping clients address these challenges and stay ahead of the technology curve. With this investment and expanded technology leadership team, EY will help businesses navigate industry disruption to realize their growth potential.”


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